Obama Plans Boost For Low-Income Housing

By: Associated Press
By: Associated Press

President Barack Obama is proposing a big spending increase for programs that provide housing to the poor and invest in neighborhoods with large concentrations of poverty.

Obama recommended an 18.5 percent increase in spending for the Housing and Urban Development Department, which would boost discretionary spending from $40.1 billion to $47.5 billion.

Obama wants to set up a $1 billion trust fund that will rehabilitate housing in the poorest of neighborhoods. He's also calling for more money for a voucher program that subsidizes rental payments. Also, the formula used to distribute block grants for community development would be changed so that more money flows to the most distressed communities.

Obama would eliminate two programs that would save $16 million.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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  • by anon Location: cs on Feb 27, 2009 at 09:38 AM
    Kim, I said no income not low income. I am familiar with housing assistance programs and I know they are set up to help through hard times not meant as a permanent commodity. These programs are abused and many go without because of it. My head is not in the sand. I make 36,000 a year and have four children and I am thankful that I am able to pay rent. No I don't assume everyone in these areas don't work, I as many do.
  • by cs resident Location: cs on Feb 26, 2009 at 04:53 PM
    when does personal responsibility begin? everyone wants a handout from the gov. at whose expense? who will pay for all these proposed and passed spending spree ? these days a few hundred billions dollars is treated like a few thousand, no problem, lets "throw it away" at this that and the other . as it stands now, we are near the 8 trillion dollar spending and bailout and it doesnt end there.Everyday a few hundred billion more added to the list. 3.5trillion dollar proposed budget, oh its ok, let the people and families who have worked hard, developed business and technologies, have managed to get through college, managed to pay all their bills and mortgages, have some money left for their kids education , sure lets get those "filty rich" , they have been greedy, lets plunder their lives and hard work!!!!!
  • by Kim Location: C/S on Feb 26, 2009 at 02:21 PM
    Anon: What would you suggest? There has to be something done about the lower income housing areas, or do you just hide your head in the sand since you don't live in one and hope it never affects you personally? You assume everyone who lives in these areas don't work...I'm a single mom of 3 making just about 40,000 a year and guess what? I live in one. I could use some help. I work 40 hours a week so don't EVER talk to me about "the no-income"
  • by anon Location: cs on Feb 26, 2009 at 09:59 AM
    Keep pouring money into the no-income. No wonder the welfare system is where it is. Keep giving these incentives and no one will have the need to work.
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